{
    "success": true,
    "data": {
        "ucits": true,
        "type": "ETF",
        "leverage": false,
        "derivatives": false,
        "swaps": false,
        "inverse": false,
        "replication_method": "physical",
        "complex_factors": "The fund may also invest in (2) financial derivative instruments (' FDIs ') (i.e. investments the prices of which are based on the companies contained in the Index and/or such other companies). However, the fund is primarily using physical replication.",
        "classification": "non-complex",
        "supporting_data": "The ETF is UCITS compliant and aims to track the performance of the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. The ETF primarily invests in a representative sample of the equity securities contained in the Index whose risk and performance characteristics closely resemble that of the Index as a whole. The fund may also invest in (2) financial derivative instruments (' FDIs ') (i.e. investments the prices of which are based on the companies contained in the Index and/or such other companies). The overall structure and risks are relatively straightforward, especially with primarily Physical replication.",
        "complex": false,
        "non-complex": true,
        "explanation": "The ETF is UCITS compliant and primarily uses physical replication to track its index. While it may use derivatives, this is not the core strategy and is likely for efficient portfolio management rather than synthetic replication. This, combined with tracking a transparent index, makes it likely non-complex."
    }
}